Cocoa financial strength for Ivory Coast
War diplomatic and economic: The price of cocoa Monday approached its lowest level since thirty years in response to a call to ban Ouattara for a month Ivorian cocoa exports.
The aim is to deprive cash Ivorian President out Laurent Gbagbo
The former president refuses to give up his chair, as requested by the majority of the international community in light of the outcome of the presidential election on November 28. The potential impact of the appeal of Alassane Ouattara, recognized by the UN as the winner of the presidential election, is difficult to quantify because his rival controls the supply routes to the ports of the cocoa. Alassane Ouattara, installed in a hotel in Abidjan guarded by UN troops, warned that anyone violating the ban would face sanctions.
Unlikely that the EU imposes an embargo on cocoa
However in Brussels, a spokeswoman Catherine Ashton, representing the European diplomacy, said it was unlikely that the European Union, which has adopted sanctions against Laurent Gbagbo, also imposes an embargo on Ivorian cocoa because impact on the population. A trade embargo is an option, but it is unlikely because of the potential impact. This is not an immediate option,” said Maja Kocijancic to the press.
Agribusiness giant Cargill has announced the suspension of Ivorian cocoa purchases by its subsidiary Ivorian
“We stopped buying this morning for an indefinite period. This is a management decision,” he told Reuters an official of the company. Cargill buys about 15% of cocoa production in Ivory Coast, the leading global producer. Ivory Coast, it is nevertheless fell Monday no signs of stopping exports. A major European trader in cocoa explains, however, that major players have, by prudence, purchased large quantities of cocoa.
